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Jan 31, 2013
01/13
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KICU
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chesapeake ceo aubrey mclendon announced earlier this week he will leave the company in april. mclendon has been under review for months by federal regulators after reports that mclendon used company funds for personal gain. reuters reports that mclendon will leave the company with full compensation, plus stock awards, all totaling $47 million. china is on a fast burn with coal and shows no signs of letting up. according to a new report, coal consumption in china increased 9% compared to last year. it's the 12th straight rise in a row. china now accounts for 47% of coal use, nearly as much as the rest of the world combined. up until 2011, the u.s. was the world's largest coal burning country. student loan delinquency rates are on the rise, and it could eventually hurt the economy. a report shows more than half of students are delaying payments on their loans as they struggle to find work. last year, the average student owed $27,253, up a whopping 58% from 2005, when student loan debt averaged just above $17,000. here is what everybody is talking about: the dow is within strikin
chesapeake ceo aubrey mclendon announced earlier this week he will leave the company in april. mclendon has been under review for months by federal regulators after reports that mclendon used company funds for personal gain. reuters reports that mclendon will leave the company with full compensation, plus stock awards, all totaling $47 million. china is on a fast burn with coal and shows no signs of letting up. according to a new report, coal consumption in china increased 9% compared to last...
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Jan 30, 2013
01/13
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CNBC
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aubrey mcclendon and chesapeake's future. and apple's largest active shareholder, fidelities contra fund cuts its position in apple. should you follow? stick around to find out. [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference. join us. [ male announcer ] at edward jones, it's how we make sense of investing. [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well, that would make you... the creators of the 2013 mercedes-benz e-class... quite possibly the most advanced luxury sedan e
aubrey mcclendon and chesapeake's future. and apple's largest active shareholder, fidelities contra fund cuts its position in apple. should you follow? stick around to find out. [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [...
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Jan 30, 2013
01/13
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CNBC
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chesapeake energy co-founder and ceo aubrey mcclendon will be stepping down in april. the move caps off a tumultuous year for the second largest natural gas producer. last spring a series of reports triggered civil and criminal investigations. regulators in chesapeake's board are looking into mcclendon crossed the line by mixing personal and company business and possible trauflt violatiant violations. shareholders stripped him of the chairman's title. the stock is moving higher on the news. actually, a lot higher. 10% higher. and kay kelly will have more details later. i should note, there was a report in reuters this morning that -- in terms of the compensation he's going to get out the door, it may be that the company doesn't owe him money but that he owes the company money. >> interesting. you never want to see a headline like this. when you're a ceo and lead -- "chesapeake shares soar as chief quits." >> it is up 10%. only $2 on a $20 stock. >> the strange part, he was the ghie made the company. there is a flip side to all of this. i'm not defending him. i'm saying
chesapeake energy co-founder and ceo aubrey mcclendon will be stepping down in april. the move caps off a tumultuous year for the second largest natural gas producer. last spring a series of reports triggered civil and criminal investigations. regulators in chesapeake's board are looking into mcclendon crossed the line by mixing personal and company business and possible trauflt violatiant violations. shareholders stripped him of the chairman's title. the stock is moving higher on the news....
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Jan 30, 2013
01/13
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WETA
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aubrey mcclendon will step down. on april first he will leave the executive office of the energy company he founded in 1989. the scrutiny of mcclendon picked up last year over a potential conflict oin.terest he borrowed money to pay for his personal stake in chesapeake energy wells. some of those loans reportedly came from parties that also were doing business with chesapeake. in addition, the company has about $16 billion in debt, which it has pledged to almost cut in half.re shares jumped 6% on the news of mcclendon's exit, rising to their highest price since november. volumwae more than five times average. chesapeake is the second largest naturalduaswaro pcer in the united states after exxon mobil. a deal in the naturarogas business is focused on pipelines. kinder morgan energy partners will buy copano energy for $u.2r billion. it values cono0. a$4t 91 per share. shares of the buyer, kinder morgan, fell 2.3%.$4 pailcoaie gnoned 14.8%. copano has nine processing plants and 6,900 miles of pipelines. ga smaller deal
aubrey mcclendon will step down. on april first he will leave the executive office of the energy company he founded in 1989. the scrutiny of mcclendon picked up last year over a potential conflict oin.terest he borrowed money to pay for his personal stake in chesapeake energy wells. some of those loans reportedly came from parties that also were doing business with chesapeake. in addition, the company has about $16 billion in debt, which it has pledged to almost cut in half.re shares jumped 6%...
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Jan 30, 2013
01/13
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. >> david, aubrey is being abject in telling me it was a true retireme retirement. >> i don't think that's really the case. my understanding is as recently as last week, at meetings with senior management of the company, he was not in any sense expected to do this. and in fact, he's communicated since with many of those officers and the like of the company that it was not in contemplation by them a week ago. my understanding is in fact, as you might expect, that there was a sense on the part of these large shareholders, being southeastern and icahn, that there was an aubrey discount for better or worse. and that the way to get rid of that discount was to get rid of mr. mcclendon. so while he did cite philosophical differences, in his communication, companywide. at the end of the day there was a potential push here from the large shareholders. so i've done a bit of reporting this morning, talked to a few people and can tell you that my sense is that's the case. kind of makes sense when you look at it. not hiring a search firm tat this point. he's 53 years old. >> it's his company. >>
. >> david, aubrey is being abject in telling me it was a true retireme retirement. >> i don't think that's really the case. my understanding is as recently as last week, at meetings with senior management of the company, he was not in any sense expected to do this. and in fact, he's communicated since with many of those officers and the like of the company that it was not in contemplation by them a week ago. my understanding is in fact, as you might expect, that there was a sense...
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Jan 29, 2013
01/13
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CNBC
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up about 10% on word that aubrey mcclendon is going to retire april 1st this year. no improper conduct after an extensive review. a cloud over the stock has been lifted. the stock is higher than 10% right now. shares of jet blue hitting turbulence right now. the air carrier dropped 95% in profit amid risingts diminished sales. joining us is dave barger, jet blue president and ceo. pleasure to see you. >> melissa, great to be in the studio. >> so, sandy was a reduction in revenues, about $45 million. >> oh, big deal. i mean, certainly was. superstorm sandy, 50% of our network right here in new york. by the way, the storm, we were up and running in four days, melissa, but the impact into december, just the demand environment, and we're going to see that in february, too, because schools are going to stay in as opposed to president's weekend break, so, we're going to still see some impact. >> let's talk about your growth markets. latin america, the caribbean, your goal is to increase capacity in these regions by 10% year and year this year. where are you at right now o
up about 10% on word that aubrey mcclendon is going to retire april 1st this year. no improper conduct after an extensive review. a cloud over the stock has been lifted. the stock is higher than 10% right now. shares of jet blue hitting turbulence right now. the air carrier dropped 95% in profit amid risingts diminished sales. joining us is dave barger, jet blue president and ceo. pleasure to see you. >> melissa, great to be in the studio. >> so, sandy was a reduction in revenues,...
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Jan 30, 2013
01/13
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and the aubrey overhang. now that the ceo of chesapeake is retiring, what should you do with the stock? first, we have to get straight to our top story, and that is the markets, failing to reach new highs today. between the gdp report and the fed statement, we couldn't get to 14,000. steve, at the same time, we still held on. >> we did. and, the problem is, nobody wants to believe in this rally yet everyone continues to buy this rally. so, you really have to look -- you have to be a stock picker's market. you have to buy what you really want. buy what you understand. buy the stories you believe in. and those ideas probably go higher. other than that, we're waiting to fall off this cliff and i think the air is slightly coming out of the market. that's what i saw later on. >> when the gdp number hit the tape, karen, were you surprised we were able to look past it? we did see the futures go lower and it just kind of -- as if it didn't happen. >> yeah, funny that the same information in another era, three months
and the aubrey overhang. now that the ceo of chesapeake is retiring, what should you do with the stock? first, we have to get straight to our top story, and that is the markets, failing to reach new highs today. between the gdp report and the fed statement, we couldn't get to 14,000. steve, at the same time, we still held on. >> we did. and, the problem is, nobody wants to believe in this rally yet everyone continues to buy this rally. so, you really have to look -- you have to be a stock...
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Jan 30, 2013
01/13
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FBC
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the top guy will retire as chief executive on april 1, aubrey mcclendon invested personally in the company drilling operations and is under investigation for mixing personal and company business. he is leaving taking a golden parachute of $50 million that goes with him. so let's see how the stock performs today. this is do-or-die day for research in motion. we will ask if it is good enough to save rim. and what happened between jon stuart and rob custis on "the daily show" last night? twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. maybe you want to incorporate a business. orrotect your family with a will
the top guy will retire as chief executive on april 1, aubrey mcclendon invested personally in the company drilling operations and is under investigation for mixing personal and company business. he is leaving taking a golden parachute of $50 million that goes with him. so let's see how the stock performs today. this is do-or-die day for research in motion. we will ask if it is good enough to save rim. and what happened between jon stuart and rob custis on "the daily show" last night?...
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Jan 30, 2013
01/13
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and the aubrey overhang. now that the ceo of chesapeake is retiring, what should you do with the stock? first, we have to get straight to our top story, and that is the markets, failing to reach new highs today. between the gdp report and the fed statement, we couldn't get to 14,000. steve, at the same time, we still held on. >> we did. and, the problem is, nobody wants to believe in this rally yet everyone continues to buy this rally. so, you really have to look -- you have to be a stock picker's market. you have to buy what you really want. buy what you understand. buy the stories you believe in. and those ideas probably go higher. other than that, we're waiting to fall off this cliff and i think the air is slightly coming out of the market. that's what i saw later on. >> when the gdp number hit the tape, karen, were you surprised we were able to look past it? we did see the futures go lower and it just kind of -- as if it didn't happen. >> yeah, funny that the same information in another era, three months
and the aubrey overhang. now that the ceo of chesapeake is retiring, what should you do with the stock? first, we have to get straight to our top story, and that is the markets, failing to reach new highs today. between the gdp report and the fed statement, we couldn't get to 14,000. steve, at the same time, we still held on. >> we did. and, the problem is, nobody wants to believe in this rally yet everyone continues to buy this rally. so, you really have to look -- you have to be a stock...